Karnataka, AP among 7 states to meet reform-linked target, can now borrow to meet Covid-19 challenges
Karnataka, AP among 7 states to meet reform-linked target, can now borrow to meet Covid-19 challenges Synopsis The Centre had, in May last year, allowed states to raise 2% of their state GDP to tide over the challenges posed by Covid-19 pandemic, but tied half of these funds to states implementing critical citizen-focussed reforms, pegging the size at Rs 91,667 crore. Agencies Karnataka has sought to bring its average rate of realization closer to the average cost of supply with a combination of collection efficiency and increase in power tariffs. BENGALURU: Karnataka is among the five states...
Source: indiatimes.com